2022 (9) TMI 1529 - AT - Income Tax

Rectification of mistake - as calculating disallowance in respect of operating revenue of manufacturing segment @ 1.5%, the Bench has wrongly applied 2% of the same - HELD THAT - The paragraph 7 of order categorically deals with the percentage of operating revenue on the identical facts in case of the assessee in different years and finally applied 2% of the operating revenue of manufacturing segment, which was worked out at Rs.2,20,88,379/- and therefore disallowance was made Rs.10,47,454/- against the assessee in respect of the operating revenue of manufacturing segment. We do not find any error apparent on the face of the record which could at all be prayed for rectification. Hence MA filed by the Revenue is dismissed.

Summary

The Appellate Tribunal ITAT Ahmedabad dismissed the Revenue's Miscellaneous Application for rectification of an order regarding the disallowance in respect of operating revenue of the manufacturing segment. The Bench had applied 2% instead of 1.5% as claimed by the Revenue. The application was found to be devoid of merit and dismissed on 07/09/2022.